Member Sign In

You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities.

If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.

Parkway Pipeline is about 141 miles long and has a 16 inch diameter. The system cost about $250 million and has a capacity of 110,000 barrels per day (bpd), which can be expanded to over 200,000 bpd.

The pipeline is carrying petroleum from refineries in Norco, Louisiana, to an existing petroleum transportation hub in Collins, Miss., owned by Plantation Pipe Line Company.

Kinder Morgan is the operator of Plantation Pipe Line Company with a stake of 51%. From this hub, the products will be transported by multiple pipeline systems that serve major markets in the eastern United States.

The products will be transported to key markets in the eastern United States, including Plantation, from this hub through multiple pipeline systems.

Parkway Pipeline project also aids local businesses, housing and support services by employing about 1,200 at its peak. The project is likely to provide greater connectivity between Gulf Coast refineries and East Coast markets as well as boost local property tax revenues by nearly $6 million.

Kinder Morgan is the largest independent owner and operator of petroleum product pipelines in the U.S. Its pipelines transport natural gas, refined petroleum products, crude oil, carbon dioxide and other products, while its terminals store petroleum products and chemicals and handle bulk materials such as coal and petroleum coke. It owns or operates more than 54,000 miles of pipeline and approximately 180 terminals.

Resources

Client Support

Follow Us

Zacks Research is Reported On:

Yahoo

MSN

Marketwatch

Nasdaq

Forbes

Investors.com

Morningstar

Zacks Investment Research is an A+ Rated BBB Accredited Business.

Copyright 2016 Zacks Investment Research

At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1988-2015 and were examined and attested by Baker Tilly Virchow Krause, LLP, an independent accounting firm.

Visit performance for information about the performance numbers displayed above.